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Westlake Chemical Corporation (WLK)

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Westlake Chemical Corporation

2801 Post Oak Boulevard
Suite 600
Houston, TX 77056
United States
713-960-9111
http://www.westlake.com

SectorBasic Materials
IndustrySpecialty Chemicals
Full Time Employees8,870

Key Executives

NameTitlePayExercisedAge
Mr. Albert Yuan ChaoChief Exec. Officer, Pres and Director5.31MN/A67
Mr. Steven Mark Bender CPACFO & Exec. VP1.92M1.13M60
Mr. Robert F. BuesingerExec. VP of Vinyl Products1.26M70.19k60
Mr. George J. MangieriChief Accounting Officer & Sr. VPN/AN/A66
Mr. L. Benjamin EderingtonChief Admin. Officer, VP, Gen. Counsel & Corp. Sec.N/AN/A46
Amounts are as of December 31, 2016 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Westlake Chemical Corporation manufactures and markets basic chemicals, vinyls, polymers, and building products. It operates through two segments, Olefins and Vinyls. The Olefins segment offers ethylene, polyethylene, styrene monomer, and various ethylene co-products, as well as sells propylene, crude butadiene, pyrolysis gasoline, and hydrogen. The Vinyls segment provides specialty and commodity PVC, VCM, EDC, chlorine, caustic soda, chlorinated derivative, and ethylene products. This segment also manufactures and sells products fabricated from PVC, including pipe, fittings, profiles, trims, mouldings, fence and decking products, window and door components, and film and sheet products. The company’s products are used in various consumer and industrial markets, including flexible and rigid packaging, automotive products, coatings, and residential and commercial construction, as well as other durable and non-durable goods. Westlake Chemical Corporation also offers its products to a range of customers, including chemical processors, plastics fabricators, small construction contractors, municipalities, and supply warehouses primarily in North America and Europe. The company was founded in 1985 and is headquartered in Houston, Texas. Westlake Chemical Corporation is a subsidiary of TTWF LP.

Corporate Governance

Westlake Chemical Corporation’s ISS Governance QualityScore as of September 1, 2017 is 8. The pillar scores are Audit: 1; Board: 10; Shareholder Rights: 9; Compensation: 4.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.